Lok Housing to convene EGM, issue warrants

Lok Housing & Constructions Ltd has announced that the Board of Directors of the Company at its meeting held on January 14, 2008, inter alia, has approved to conduct an Extra Ordinary General Meeting of the Shareholders of the Company will be held on February 08, 2008 to consider the allotment of 50,00,000 Convertible Warrants to the Promoters of the Company.

Convertible Warrants will be issued on the basis of SEBI guidelines for Preferential issue to the Promoters of the Company @ Rs 354/- (Rs 10/- Face Value + Rs 344/- Premium) on private placement basis subject to the approval of the Shareholders of the Company and other Regulatory Authorities.

Source : Equity Bulls

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